A number of other analysts have also recently weighed in on ODFL. ValuEngine cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Stifel Nicolaus cut Old Dominion Freight Line from a “hold” rating to a “sell” rating and increased their price target for the stock from $148.00 to $155.00 in a research report on Friday, October 25th. Zacks Investment Research cut Old Dominion Freight Line from a “hold” rating to a “sell” rating and set a $213.00 price target on the stock. in a research report on Tuesday. Goldman Sachs Group began coverage on Old Dominion Freight Line in a research report on Thursday, December 5th. They set a “sell” rating and a $173.00 price target on the stock. Finally, Stephens set a $203.00 price target on Old Dominion Freight Line and gave the stock a “buy” rating in a research report on Friday, October 25th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $172.69.
Shares of NASDAQ ODFL opened at $204.00 on Wednesday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average price is $189.33 and its two-hundred day moving average price is $174.37. The stock has a market capitalization of $16.01 billion, a P/E ratio of 27.64, a PEG ratio of 2.83 and a beta of 1.49. Old Dominion Freight Line has a 52-week low of $124.07 and a 52-week high of $205.39.
Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.06). The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Old Dominion Freight Line had a return on equity of 22.62% and a net margin of 15.29%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 earnings per share. On average, analysts anticipate that Old Dominion Freight Line will post 7.65 EPS for the current year.
In related news, Chairman Earl E. Congdon sold 23,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $181.94, for a total value of $4,275,590.00. Following the sale, the chairman now directly owns 10,854 shares in the company, valued at approximately $1,974,776.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. CSat Investment Advisory L.P. acquired a new stake in Old Dominion Freight Line in the 2nd quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC boosted its stake in Old Dominion Freight Line by 59.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 85 shares in the last quarter. Squar Milner Financial Services LLC boosted its stake in Old Dominion Freight Line by 311.8% during the 3rd quarter. Squar Milner Financial Services LLC now owns 280 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 212 shares in the last quarter. Cerebellum GP LLC bought a new position in Old Dominion Freight Line during the 3rd quarter valued at $38,000. Finally, Capital Bank & Trust Co boosted its stake in Old Dominion Freight Line by 22.9% during the 2nd quarter. Capital Bank & Trust Co now owns 509 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 75.53% of the company’s stock.
Old Dominion Freight Line Company Profile
Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.
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